Adishakti Loha & Ispat Ltd receives SEBI Reg 29(2) disclosure for Kiran Mittal

What Adishakti Loha & Ispat Ltd announced

On 17 June 2026, Adishakti Loha & Ispat Ltd (BSE: 543377) filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing reports that Kiran Mittal has acquired a substantial shareholding in the company, thereby meeting the trigger thresholds for a Reg 29(2) notice.

The notice was submitted to the Bombay Stock Exchange (BSE) and is publicly available through the exchange’s corporate filing portal. Apart from confirming the identity of the acquirer, the filing does not provide quantitative details such as the number of shares acquired, the percentage of total equity, or the purchase price.

Regulation 29(2) filing details

Regulation 29(2) requires any person who acquires shares that cross a prescribed threshold (generally 5 % of the paid‑up capital) to disclose the acquisition to the stock exchange within two trading days. The purpose is to ensure transparency for the market and to allow other shareholders to assess any change in control dynamics.

In this case, the filing identifies Kiran Mittal as the acquirer but omits the exact share count, percentage ownership, and consideration paid. The notice also does not mention any intent to make an open offer, nor does it reference any pending approvals from the board or regulatory authorities.

Key facts at a glance

Why this matters for investors

The Reg 29(2) filing signals that a significant shareholder has entered the capital structure of Adishakti Loha & Ispat Ltd. While the exact size of the holding is not disclosed, the very fact that a notice was required suggests the stake is at least at the regulatory threshold (commonly 5 %). Investors should monitor subsequent disclosures for any updates on the size of the holding, potential changes in board composition, or any open‑offer obligations that may arise if the stake crosses higher thresholds (e.g., 25 %).

The filing does not imply any immediate operational impact, but it does increase transparency around ownership and may affect voting dynamics in future shareholder meetings.

Conclusion

Adishakti Loha & Ispat Ltd has complied with SEBI’s Reg 29(2) by reporting that Kiran Mittal has acquired a substantial shareholding, though the filing does not reveal the exact size of the stake or the transaction terms. Investors should await any follow‑up disclosures that may provide further clarity on the ownership percentage and any related corporate actions.